One of the most misunderstood variables in business sales is buyer and seller control of Advisors and just as important the selection of the advisor. In Main Street Transactions we always recommend you get CPA, Business Brokers, and Attorneys involved. But what must be understood is that YOU…..THE BUYER OR THE SELLER….are in charge of […]
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Baby Boomer Exit Part 2
Yes there is an exodus of boomers…yes it will occur at some point in the next 2 years. At a local level it is validated by internal data where brokers (both Transworld and Competitors) are speaking with sellers in the baby boomer bracket. But, and yes there is a but….they are not the substantial sellers […]
Part 1: Baby Boomer Business Owners and the Importance of Exit Planning
There is a significant sea change coming in the business ownership landscape. Simply put: The baby boomer age bracket was a generation of entrepreneurs. More businesses were founded and grown by this group born from 1946-1964 than ever before. In fact, according to a recent Axial article (Axial is a leading network that combines business […]
More Stats for Business Sellers to Consider
My last two posts to the blog have been on the inventory deficit we see here in Central Florida and the strange phenomenon we are encountering in the market here where inventory (businesses for sale) is at a 5 year low. If you have read my posts there is a pending transfer of wealth somewhere […]
When is the Right Time to Sell Your Business?
When is the right time to sell your business? The answer is when you can get the most money for your business! Not to avoid the question or spin a response but this question is the one that weighs on every seller when they are thinking of selling and they must learn the dynamics of […]